Rolf (company)

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Rolf
Native name
Рольф
Founded(1991)
HeadquartersRussian Federation, Moscow
Key people
Alexey Gulyaev, CEO, Sergey Petrov (founder)
Revenue (Increase 246,197,796 thousand rubles[1](2020, IFRS))
Increase 13,822,327 thousand rubles[1] (2020, IFRS)
Increase 8,934,217 thousand rubles[1] (2020, IFRS)
Total assetsIncrease 56,648,461 thousand rubles[1] (2020, IFRS)
Total equityIncrease 16,682,023 thousand rubles[1] (2020, IFRS)
Number of employees
over 8,000
Websitewww.rolf.ru

ROLF (Russian: Компания "РОЛЬФ") – the biggest dealer holding in the Russian Federation, one of the pioneers at the Russian automobile market. It was founded on August 5, 1991.[2][3] Its headquarters is in Moscow city. The company is engages in selling of new cars and used cars, motorcycles, automobiles accessories, as well as service maintenance of cars and motorcycles and rendering of services in crediting and insurance.

Management[edit]

The company is owned by Cyprus trusts, its beneficiaries are the family of the founder of the company, Mr. Sergey Petrov.[4]

The CEO of the retail subdivision of Rolf since February 1, 2017, is Ms. Svetlana Vinogradova.[5][6]

In November 2019, Sergey Petrov has announced the intention to sell the Rolf Company and the formation of the closed list of applicants for purchase of the car dealer. At the beginning of 2021 the management declared the refusal to sell the company.[7]

In February 2021, the CEO of the company Ms. Svetlana Vinogradova declared that Rolf considers the possibility of transfer to the IPO and already started the preparation work.[8] In December 2021, the CEO of Rolf Company confirmed to Bloomberg News the possibility of IPO in the second half of 2022.[9]

In December 2023, Vladimir Putin signed a decree transferring Rolf shares under state control. In January 2024, the Prosecutor General's Office filed a lawsuit to nationalize the company, arguing that the owner of the holding violated the law by combining parliamentary activities with business management.[10] On February 21, 2024, the Moskovsky District Court of St. Petersburg granted the claim. The shares will become the property of the state.[11]

Activity[edit]

The first dealer center of Rolf was opened in Moscow city in 1991.[12][13][14][dead link] As on January 1, 2021, the retail subdivision includes 59 show-rooms, located in 20 districts (15in Moscow and 5 in Saint-Petersburg). They represent 20 automobile brands and one motorcycle brand (Audi, BMW, BMW Motorrad, Chrysler, Ford, Genesis, Jeep, Jaguar, Hyundai, Kia, Land Rover/Range Rover, Lexus, Mazda, MercedesBenz, Mitsubishi, Nissan, Porsche, Renault, Skoda, Toyota, Volkswagen).

Performance indicator[edit]

Table No.1. The number of new cars and used cars sold in a year (to individuals and legal entities)

Year New cars sold Change by last year Used car sold Change by last year
2011[15] 59 238 Increase 40% 9 826 Increase 10%
2012[16] 67 847 Increase 15% 12 438 Increase 27%
2013[17] 80 163 Increase 18% 18 153 Increase 46%
2014[18] 91 693 Increase 14% 24 674 Increase 36%
2015[19][20] 62 511 Decrease 32% 22 419 Decrease 9%
2016[21][22] 72 640 Increase 16% 33 124 Increase 48%
2017[23] 84 225 Increase 16% 48 158 Increase 45%
2018[24] 96 670 Increase 15% 64 320 Increase 34%
2019[25][26] 91 459 Decrease 5% 68 294 Increase 6%
2020[27] 79 986 Decrease 13% 65 578 Decrease 4%

Bonds[edit]

Rolf Company has placed two bonded loans at the Moscow stock exchange.

The debut release and placement of bonds of the company took place in March 2019. Their volume was equal to 3 billion rubles with circulation period of 3 years and the rate of the coupon of 10.45% per annum.[28][29]

In February 2020 Rolf placed the second issue of bonds for 4.5 billion rubles with circulation period of 2 years and the rate of the coupon of 9% per annum.[30]

In December 2020 the Rolf Company placed offers on two issues of bonds with the total amount up to 7.5 billion rubles. The company has repaid the bonds shown to repayment for the amount of 1.8 billion rubles.[31]

Ratings and rankings[edit]

In July 2020 the Moody's rating agency has assigned the corporate rating (Corporate Family Rating CFR) to the Rolf Company at the level of "B1". The forecast for the rating is "stable".[32]

In August 2020 the Expert RA rating agency has confirmed the rating of solvency of the non-financial company Rolf at the "ruA-“level. The forecast for the rating is “stable".[33][34]

In 2020 Rolf took the following places in authoritative business rankings:


The Rolf Company won the first place in the ranking of car dealers annually released by the “Auto Business Review” magazine:

The "Dealer No. 1" in the spb-adlr.ru portal ranking in terms of sales of new cars in St. Petersburg city since 2011.[57][58][59][60][61][62][63][64]

References[edit]

  1. ^ a b c d e "Rolf" (PDF).
  2. ^ Злобин, Андрей (September 25, 2020). "Пять крупнейших по выручке автодилеров России" [The five largest car dealers in Russia by revenue]. Forbes.ru (in Russian). Retrieved March 18, 2021.
  3. ^ "ТОП-20 российских автохолдингов по показателю выручки" [TOP 20 Russian auto holdings by revenue]. Autostat.ru (in Russian). December 2, 2019. Retrieved March 18, 2021.
  4. ^ Воронина, Анфиса; Виноградова, Елена (July 14, 2008). "ВЕДОМОСТИ – «Чиновники давно богаче олигархов», – Сергей Петров, депутат Госдумы, основатель компании «Рольф»" [“Officials have long been richer than the oligarchs,” - Sergei Petrov, State Duma deputy, founder of the Rolf company]. ВЕДОМОСТИ (in Russian). Archived from the original on July 14, 2008. Retrieved March 18, 2021.
  5. ^ Скрынник, Ирина (January 31, 2017). "Крупнейший автодилер поменял руководство" [The largest car dealer changed management]. Ведомости (in Russian). Retrieved March 18, 2021.
  6. ^ Timerkhanov, Azat (January 31, 2017). "В компании «РОЛЬФ» сообщили о кадровых перестановках" [The company "ROLF" reported on personnel reshuffles]. www.autostat.ru (in Russian). Retrieved March 18, 2021.
  7. ^ "«Тема закрыта». Автодилер «Рольф» передумал продаваться" ["The topic is closed." Car dealer "Rolf" changed his mind about selling]. www.fontanka.ru (in Russian). January 21, 2021. Retrieved March 18, 2021.
  8. ^ Nikitina, Olga (February 9, 2021). ""Доходность дилеров будет снижаться"" [Dealer profitability will decline]. Коммерсантъ. Retrieved March 18, 2021.
  9. ^ Rudnitsky, Jake (December 9, 2021). "Russia`s biggest car dealer Rolf shrugs off fraud case, considers IPO". Bloomberg.com. Bloomberg News.
  10. ^ Dobrunov, Mikhail (January 15, 2024). "Генпрокуратура подала иск о национализации «Рольфа»" [The Prosecutor General's Office filed a lawsuit for the nationalization of Rolf]. RBC (in Russian).
  11. ^ Ovchinnikova, Yulia (February 21, 2024). "Суд удовлетворил иск о национализации «Рольфа»" [The court upheld the claim for the nationalization of Rolf]. RBC (in Russian).
  12. ^ Петров, Cергей (June 12, 2017). "Основатель «Рольфа»: «Весь Советский Союз стоял на лжи. Мне не хотелось, чтобы мою компанию постигла его участь» | Миллиардеры" [The founder of "Rolf": "The whole Soviet Union was lying. I didn't want my company to suffer its fate."]. Forbes.ru. Retrieved March 18, 2021.
  13. ^ "Дилеры | Досье | АвтоБизнесРевю" [Dossiers/Dealers: Rolf]. abreview.ru (in Russian). June 26, 2017. Retrieved March 18, 2021.
  14. ^ "История компании" [History of the company]. www.rolf.ru (in Russian). Retrieved March 18, 2021.{{cite web}}: CS1 maint: url-status (link)
  15. ^ Центр, Рольф (February 22, 2012). "Группа компаний РОЛЬФ подвела итоги 2011 года — ДРАЙВ" [ROLF Group summed up the results of 2011]. www.drive.ru (in Russian). Retrieved March 18, 2021.
  16. ^ "Автобизнес: Розничное подразделение «Рольф» подвело итоги работы в 2012 году" [Auto business: Retail division "Rolf" summed up its work in 2012]. www.autonet.ru (in Russian). Retrieved March 18, 2021.
  17. ^ "«Рольф» стал лидером по продажам иномарок" [Rolf has become the leader in sales of foreign cars]. abreview.ru (in Russian). February 27, 2014. Retrieved March 18, 2021.
  18. ^ Чупров, Александр (January 16, 2015). "«Рольф» в 2014 году увеличила продажи новых автомобилей на 14,4%" [Rolf increased sales of new cars by 14.4% in 2014]. www.autostat.ru (in Russian). Retrieved March 18, 2021.
  19. ^ "Тройка холдингов демонстрирует наименьшее падение" [The three holdings show the smallest fall]. abreview.ru (in Russian). April 28, 2016. Retrieved March 18, 2021.
  20. ^ Баранов, Сергей (March 9, 2016). "«Рольф» наращивает прибыль и готовится к «тектоническим сдвигам» в авторитейле" ["Rolf" is increasing profits and preparing for "tectonic shifts" in auto-retail]. abreview.ru (in Russian). Retrieved March 18, 2021.
  21. ^ "«Рольф» нарастил выручку на 30%" [Rolf increased its revenue by 30%]. abreview.ru (in Russian). February 28, 2017. Retrieved March 18, 2021.
  22. ^ "Рольф увеличил продажи новых автомобилей в 2016 году на 16%" [Rolf increased new car sales by 16% in 2016]. Э Вести (in Russian). February 28, 2017. Retrieved March 18, 2021.
  23. ^ "Дилерский холдинг «РОЛЬФ» подвел итоги 2017 года" [The ROLF dealer holding has summed up the results of 2017]. РОАД (in Russian). March 27, 2018. Retrieved March 18, 2021.
  24. ^ "«Рольф» установил новый рекорд" [Rolf sets a new record]. abreview.ru (in Russian). January 21, 2019. Retrieved March 18, 2021.
  25. ^ Романова, Татьяна (April 20, 2020). "Уголовное дело не лишило «Рольф» лидерства на рынке" [The criminal case did not deprive Rolf of its market leadership]. Ведомости (in Russian). Retrieved March 18, 2021.
  26. ^ "«Тема закрыта». Автодилер «Рольф» передумал продаваться" ["The topic is closed." Car dealer "Rolf" changed his mind about selling]. www.fontanka.ru (in Russian). January 21, 2021. Retrieved March 18, 2021.
  27. ^ "«Рольф»: итоги 2020 года и новая стратегия" ["Rolf": results of 2020 and new strategy]. abreview.ru (in Russian). Retrieved March 18, 2021.
  28. ^ Sergeev, Alexey (March 13, 2019). "«Рольф» вышел на рынок корпоративных облигаций" [Rolf entered the corporate bond market]. abreview.ru (in Russian). Retrieved March 18, 2021.
  29. ^ Автомаркетолог (March 14, 2019). "Инвесторы проявили большой интерес к облигациям РОЛЬФа" [Investors showed great interest in ROLF bonds]. Automarketolog.ru (in Russian). Retrieved March 18, 2021.
  30. ^ ""Рольф" завершил размещение облигаций на 4,5 млрд рублей" [Rolf completed the placement of bonds for 4.5 billion rubles]. Finmarket.ru (in Russian). February 27, 2020. Retrieved March 18, 2021.
  31. ^ ""Рольф" выставил на 16 декабря оферты по двум выпускам облигаций общим объемом до 7,5 млрд рублей" [Rolf issued offers for two bond issues totaling up to 7.5 billion rubles on December 16]. Finmarket.ru (in Russian). November 25, 2020. Retrieved March 18, 2021.
  32. ^ "Moody's пересмотрело прогноз по рейтингу «Рольфа»" [Moody's revised its outlook on Rolf's rating]. abreview.ru (in Russian). July 17, 2020. Retrieved March 18, 2021.
  33. ^ "Рейтинговое агентство «Эксперт РА» – рейтинги, исследования, обзоры, конференции" ["Rating agency "Expert RA" - ratings, studies, reviews, conferences]. Рейтинговое агентство «Эксперт РА» (in Russian). Retrieved March 18, 2021.
  34. ^ ""Эксперт РА» подтвердило рейтинг «Рольфа"" ["Expert RA" confirmed the rating of "Rolf"]. abreview.ru. August 27, 2020. Retrieved March 18, 2021.
  35. ^ "200 крупнейших частных компаний России — 2020. Рейтинг Forbes | Бизнес" [200 largest private companies in Russia - 2020. Forbes rating]. Forbes.ru (in Russian). September 17, 2020. Retrieved March 18, 2021.
  36. ^ "РБК Pro — бизнес-консалтинг для предпринимателей и топ-менеджеров" [RBC Pro - business consulting for entrepreneurs and top managers]. РБК Pro (in Russian). Retrieved March 18, 2021.
  37. ^ Кунле, Мария; Грибцова, Юлия (April 16, 2015). "Крупнейшие российские автодилеры смогли нарастить продажи на падающем рынке в 2014 году" [The largest Russian car dealers were able to increase sales in a falling market in 2014]. Ведомости (in Russian). Retrieved March 18, 2021.
  38. ^ Воронина, Анфиса; Лукина, Ольга (March 3, 2016). "«Рольф» поборется за новые марки" [Rolf will compete for new brands]. abreview.ru (in Russian). Retrieved March 18, 2021.
  39. ^ "Оборот топ-100 дилеров вырос на 15%" [Turnover of the top 100 dealers increased by 15%]. abreview.ru (in Russian). April 26, 2017. Retrieved March 18, 2021.
  40. ^ Иванова, Анастасия (April 24, 2017). "В 2016 году крупнейшие автодилеры наторговали на полтора триллиона" [In 2016, the largest car dealers traded for one and a half trillion]. Ведомости (in Russian). Retrieved March 18, 2021.
  41. ^ "Топ-5 дилеров показали наилучший рост выручки" [Top 5 dealers showed the best revenue growth]. abreview.ru (in Russian). April 26, 2018. Retrieved March 18, 2021.
  42. ^ "Опубликован рейтинг крупнейших дилерских холдингов России" [The rating of the largest dealer holdings in Russia has been published] (in Russian). Retrieved March 18, 2021.
  43. ^ Иванова, Анастасия (April 23, 2018). "В 2017 году крупнейшие автодилеры наторговали на 1,8 трлн рублей" [In 2017, the largest car dealers made sales worth 1.8 trillion rubles]. Ведомости (in Russian). Retrieved March 18, 2021.
  44. ^ "Суммарный оборот дилеров сократился на 10%" [The total turnover of dealers decreased by 10%]. abreview.ru (in Russian). October 30, 2020. Retrieved March 18, 2021.
  45. ^ "Компания РОЛЬФ – лидер российского авторынка – Новости автомобильных компаний на CarExpert.ru:Автомобили мира". carexpert.ru. Retrieved March 18, 2021.
  46. ^ "Топ-10 дилеров заняли свыше половины рынка Москвы" [Top 10 dealers occupied more than half of the Moscow market]. abreview.ru (in Russian). May 20, 2016. Retrieved March 18, 2021.
  47. ^ Klindukhov, Evgeny (February 28, 2017). "Рольф увеличил продажи новых автомобилей в 2016 году на 16%" [Rolf increased sales of new cars in 2016 by 16%]. Э Вести (in Russian). Retrieved March 18, 2021.
  48. ^ "В 2017 году крупнейшие автодилеры наторговали на 1,8 трлн рублей". Ведомости (in Russian). Retrieved March 18, 2021.
  49. ^ "Динамика топ-50 дилеров оказалась лучше рынка" [The dynamics of the top 50 dealers turned out to be better than the market]. abreview.ru (in Russian). October 23, 2020. Retrieved March 18, 2021.
  50. ^ "ГК «Рольф» – лидер по продажам подержанных машин" [Rolf Group is the leader in sales of used machines]. abreview.ru (in Russian). March 28, 2014. Retrieved March 18, 2021.
  51. ^ "«Рольф» укрепил лидерство на вторичном рынке" [Rolf has strengthened its leadership in the secondary market]. abreview.ru (in Russian). March 20, 2015. Retrieved March 18, 2021.
  52. ^ "Компания РОЛЬФ – лидер российского авторынка – Новости автомобильных компаний на CarExpert.ru:Автомобили мира" [ROLF is the leader of the Russian car market]. carexpert.ru (in Russian). April 1, 2015. Retrieved March 18, 2021.
  53. ^ "«Рольф» сохраняет лидерство во вторичном сегменте" ["Rolf" retains leadership in the secondary segment]. abreview.ru (in Russian). April 4, 2016. Retrieved March 18, 2021.
  54. ^ "Доля дилеров на вторичном рынке превысила 10%" [Dealers' share in the secondary market exceeded 10%]. abreview.ru (in Russian). November 8, 2016. Retrieved March 18, 2021.
  55. ^ "Доля машин с пробегом в продажах дилеров – почти 40%" [The share of used cars in dealer sales is almost 40%]. www.abreview.ru (in Russian). March 27, 2020. Retrieved March 18, 2021.
  56. ^ "Дилеры увеличивают долю автомобилей с пробегом" [Dealers are increasing the share of used cars]. abreview.ru (in Russian). November 27, 2020. Retrieved March 18, 2021.
  57. ^ "75% рынка иномарок в Петербурге удерживают 20 дилеров" [75% of the foreign car market in St. Petersburg is held by 20 dealers]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  58. ^ "Рейтинг автохолдингов Петербурга-2013: не обошлось без провалов" [Rating of St. Petersburg auto holdings 2013: there were some failures]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  59. ^ "Ведущие автодилеры Петербурга в 2014 году увеличили свою долю на рынке" [The leading car dealers in St. Petersburg increased their market share in 2014]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  60. ^ "20 ведущих автохолдингов Петербурга в 2016 году увеличили продажи на 16%" [The 20 leading auto holdings of St. Petersburg increased sales by 16% in 2016]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  61. ^ "По итогам 2015 года изменилась пятерка ведущих автохолдингов Петербурга" [At the end of 2015, the top five leading auto holdings in St. Petersburg changed]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  62. ^ "20 ведущих автохолдингов Петербурга в 2017 году увеличили продажи на 15%" [The 20 leading auto holdings in St. Petersburg increased sales by 15% in 2017]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  63. ^ "Концентрация автомобильного рынка Петербурга заметно усилилась в 2018 году" [The concentration of the St. Petersburg automobile market increased noticeably in 2018]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.
  64. ^ "Ведущие автодилеры Петербурга сократили продажи в 2019 году на 2%" [Leading car dealers in St. Petersburg reduced sales in 2019 by 2%]. spb-adlr.ru (in Russian). Retrieved March 18, 2021.

External links[edit]